Search results

There are about 20 trading days in a month. At $500/day, you'd be looking at ~$10K/month or ~$120K/year. The number of retail traders who make that is quite small, compared to the number of retail traders total. So, you'd have to end up in about the top 5% or so of all retail traders, I'd...

I would have to guess that the people making these predictions are discretionary traders because systematic traders only care about their rules and following them. A systematic trader might say that the market is configured in such a way as to make a crash more likely than it is at other times...

Look, it's a good aspiration to have, but let's break it down. If you knew you could average 5 points net per day, there would be no reason why you wouldn't trade a minimum of 20 contracts per trade, right? The ES can handle a 20 lot at almost any time of the day with no slippage. That's...

On how many trades?

I agree that time is the most important factor in trading. Yet, there are threads about channels, trendlines, Fib numbers, breakouts/breakdowns, etc. that have tons of pages, but no threads about time of a similar size. At least not one that I've seen.

Most of it will be rubbish. What you might want to do is simply take whatever free trial offers some of these guys are giving out and take them for a test run. Don't commit to anything. Also, ask them if they will guarantee you a certain minimum amount of ES points per month or that month...

When you say bar width is "time dependent", do you mean that you would optimize to find the optimal bar width or that you would optimize to find the optimal number of bars of a pre-defined width? My question is oriented toward the first kind of optimization, since I am saying that rather than...

You have a link to that or is this something you are speculating will happen? Not trying to be lazy, but don't want to go looking for a story if this is just your speculation.

There is a time and place for thinking about events that could drive major moves. That time and place is after you are already in a trade based on price action. I would love it if once I was already short, there was a flash crash or if I were already long, the Fed announced a QE3 program and the...

God, no, not the 50day EMA!!!! Ahhh, run for the hills!!!!! I know you said your analysis was for entertainment only, but seriously, do you think the market cares about EMAs? There have been like a million studies showing that crap doesn't work. Do you think hedge funds would need to hire...

See, this is where "causes" ultimately become subjective. The Euro was actually up today. If Euroland weakness was part of the cause for US market weakness, the Euro should have been down, no? It was down every other day the market was weak this week and when the Euro spiked up on some rumor...

They call a certain size bottle of Jack Daniels a "handle" too (1.75 L). What probably happened was that some guy was really leveraged on bond futures and they went exactly one point against him and he told his buddies that he was going to drink a handle of Jack Daniels that night to ease the...

Using your 50 above 200 day example, what I am asking about is more along the lines of optimizing the number of days the 50 has to stay above the 200 before it confirms an up or down trend. To me, 50 and 200 are completely arbitrary, but if you were to do the analysis and show that if the 50...

I'm not affiliated nor a subscriber, but if you are so interested in gaps, you might check this guy out: http://www.masterthegap.com/ Like there is porn for every fetish, there is a guru for every trading phenomenon.

If I say "Yes, there was a way to predict this gap", how would that help you? Even if I know it, I am not going to share it with you and if I am lying, I may end up sending you on a wild goose chase looking for some non-existent gap-predicting method. If you think gaps are predictable, find a...

Well, regardless of whether that's true, the entire question is a giant waste of time. Also, clearly the OP isn't too concerned with the answer since he said he was buying more anyway. So, I took my response as seriously as the question was posed.

Probably because it didn't gap up with a rising price. Think about it.

Question for the traders who have, in some way or another, worked time into their trading models. More specifically, this is not about cycles, but about actual "clock time". For example, in the ACD method, the way you "confirm" a trade opportunity is if the asset remains below or above a...

When you consider the fact that a majority of the posts on this site are crap, it just goes to show you that there are not a lot of traders who are going to dedicate themselves to something as methodical as ACD, due to the level of effort required. They'd rather get dragged into sub-moronic...

Good advice. Hershey's like that running back in football who causes the announcers to say "You can't stop him, you can only hope to contain him". "Contain him" by putting him on ignore.